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Europe Markets: Germany’s DAX jumps 1.5% after EU-U.S. trade truce, leading European stocks higher

German stocks jumped by the most in six weeks Thursday, leading European equity markets higher, with shares in auto makers finding relief after the European Union’s top official struck a truce on trade issues with U.S. President Donald Trump.

The gains were made before the European Central Bank releases its latest monetary policy decision after policy makers said in June they would taper asset purchases starting in October.

What markets are doing

Germany’s DAX 30 index DAX, +1.34% leapt 1.5% to 12,767.28, cruising toward its best session since June 14, FactSet data showed.

The surge in German stocks helped push the Stoxx Europe 600 index SXXP, +0.54% up by 0.5% to 389.08, topped by the consumer goods and tech groups.

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